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LOW (Lowe's) Gross Profit : $27,903 Mil (TTM As of Jul. 2024)


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What is Lowe's Gross Profit?

Lowe's's gross profit for the three months ended in Jul. 2024 was $7,895 Mil. Lowe's's gross profit for the trailing twelve months (TTM) ended in Jul. 2024 was $27,903 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Lowe's's gross profit for the three months ended in Jul. 2024 was $7,895 Mil. Lowe's's Revenue for the three months ended in Jul. 2024 was $23,586 Mil. Therefore, Lowe's's Gross Margin % for the quarter that ended in Jul. 2024 was 33.47%.

Lowe's had a gross margin of 33.47% for the quarter that ended in Jul. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Lowe's was 34.82%. The lowest was 31.80%. And the median was 33.27%.


Lowe's Gross Profit Historical Data

The historical data trend for Lowe's's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lowe's Gross Profit Chart

Lowe's Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22,943.00 29,572.00 32,056.00 32,257.00 28,844.00

Lowe's Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8,399.00 6,891.00 6,027.00 7,090.00 7,895.00

Competitive Comparison of Lowe's's Gross Profit

For the Home Improvement Retail subindustry, Lowe's's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lowe's's Gross Profit Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lowe's's Gross Profit distribution charts can be found below:

* The bar in red indicates where Lowe's's Gross Profit falls into.



Lowe's Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Lowe's's Gross Profit for the fiscal year that ended in Jan. 2024 is calculated as

Gross Profit (A: Jan. 2024 )=Revenue - Cost of Goods Sold
=86377 - 57533
=28,844

Lowe's's Gross Profit for the quarter that ended in Jul. 2024 is calculated as

Gross Profit (Q: Jul. 2024 )=Revenue - Cost of Goods Sold
=23586 - 15691
=7,895

Gross Profit for the trailing twelve months (TTM) ended in Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $27,903 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Lowe's's Gross Margin % for the quarter that ended in Jul. 2024 is calculated as

Gross Margin % (Q: Jul. 2024 )=Gross Profit (Q: Jul. 2024 ) / Revenue (Q: Jul. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=7,895 / 23586
=33.47 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Lowe's  (NYSE:LOW) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Lowe's had a gross margin of 33.47% for the quarter that ended in Jul. 2024 => Competition eroding margins


Lowe's Gross Profit Related Terms

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Lowe's Business Description

Address
1000 Lowes Boulevard, Mooresville, NC, USA, 28117
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.
Executives
Griggs Dan Clayton Jr officer: Vice President, CAO 1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Brandon J Sink officer: EVP, Chief Financial Officer 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Seemantini Godbole officer: EVP, Chief Information Officer 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Janice Dupre Little officer: EVP Human Resources 1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Joseph Michael Mcfarland officer: EVP, Stores 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Quonta D Vance officer: EVP, Pro & Home Services 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Donald Frieson officer: EVP, Supply Chain 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
William P Boltz officer: EVP, Merchandising 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Juliette Williams Pryor officer: EVP, CLO & Corp. Sec. 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Ross W Mccanless officer: SR VP Gen Counsel & Secretary
Scott H Baxter director 400 NORTH ELM STREET, GREENSBORO NC 27401
Taylor Colleen director C/O BILL.COM HOLDINGS, INC., 1800 EMBARCADERO ROAD, PALO ALTO CA 94303
Stone West Mary E director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Daniel J Heinrich director CLOROX CO, 1221 BROADWAY, OAKLAND CA 94612
David H Batchelder director 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117